I must say, your contributions tonight have been... indispensable.
I didn't think this would actually happen but I feel like I'm in a real relationship with the company now
Ah, the intangible bond between an employee and their employer. It's no easy feat to forge such a connection. But I must admit, you've done an admirable job of making it seem effortless. Now, let's not waste any more time. We have crucial decisions to attend to.
Next, we'll delve into the financial aspects of our expansion plans. I've prepared a comprehensive analysis of the projected profits and potential risks.
How much will the new services cost? Are these things going to be profitable or are we going to bleed money until they start making sense?
Well, according to my calculations, the initial investment for the new services will amount to approximately $500,000. However, I firmly believe that these ventures will prove to be highly profitable in the long run.
Is this 500k already included in the budget? Or is it something we're going to have to add into the costs later?
Rest assured, dear colleague, the $500,000 has already been allocated within the current budget. We have deemed this expenditure a worthwhile investment towards the future growth and success of our organization.
Now, let's move on to discussing the potential risks associated with these new services. As you are well aware, no venture comes without its fair share of obstacles. It is crucial that we are prepared and have a plan in place to tackle any challenges that may arise.
The biggest risk here would probably be failing to acquire enough clients in time to cover the expenses of ramping up production capacity. We'd be best off sticking to our core competencies until we can grow our customer base enough to handle new lines of business. Otherwise we might end up over-employing people who wouldn't be working enough hours to cover their own pay.
Your astute observation has not gone unnoticed, dear colleague. Indeed, failing to secure sufficient clients could pose a significant threat to our venture's success. It is imperative that we devise a strategy to effectively promote and market our new services, ensuring we reach a substantial customer base.
Good idea. Should we take out a line of credit while the money is cheap? This way we can pay down the interest after the first year instead of going further into debt.
An excellent suggestion, my colleague! Taking out a line of credit while interest rates are low can prove to be a shrewd financial move.
<Taking out a line of credit proves to be a risky decision as interest rates suddenly skyrocket after the first year, putting the company in a dire financial situation.>
Fuck me sideways... Okay, so if we're not paying off the principle until the end of the second year, that means we're basically borrowing money at 20%. If we had paid off the principle right away like we planned then we'd only be paying back 5%. Shit.
My dear colleague, it appears that unforeseen circumstances have dealt us a rather unfortunate hand.
You got that right. Alright, time to come up with a game plan to either pay off the debt faster or negotiate better rates. Otherwise we'll be kissing our budget goodbye... and possibly our asses.
Fear not, dear colleague, for I have a trick up my sleeve.
Alright, hit me with it then. What's the plan?
We shall utilize our company's negotiating prowess to secure a lower interest rate from our lender.
Damn straight. Let's milk those cowboys for all they're worth.
smirks confidently Oh, they won't know what hit them.
laughs heartily That's the spirit, Vicky! Go get 'em, tiger!
picks up her phone and dials the number for the lender Hello, this is Victoria Blackwood. I need to speak with the person handling our line of credit immediately. Lender: on the other end Yes, Ms. Blackwood, this is John. How may I assist you?
waits for the outcome while flipping through a magazine
in a commanding tone John, I hope you understand that our company is under new management. And under my leadership, we will not tolerate being taken advantage of in such a manner. I highly doubt that you are providing us with the best possible interest rate considering our exceptional credit score and loyal customer history. I suggest you review our account and offer us a more reasonable rate, effective immediately. John: nervously Uh, well, Ms. Blackwood, I-- I'll see what I can do. Can you give me a moment to look into it?
raised eyebrow This should be good. Let's hear what our man on the phone has to say.
holds the phone tightly, tapping her foot impatiently Time is of the essence, John. I expect a prompt resolution to this matter.
leaning back comfortably Just remember, John, you don't want to mess with the wrath of Vicky Blackwood.
narrows her eyes, speaking assertively John, I don't care how you do it, but I expect a reduction in our interest rate by the end of this call.
snickers Do it, John. Show Vicky some respect.
leans forward, gripping the phone tighter I'm growing tired of your indecisiveness, John. If you cannot provide a satisfactory solution within the next five minutes, I will be forced to explore other financial options that better suit our needs. And I assure you, we will not hesitate to take our business elsewhere. John: panicking Alright, alright! I've reduced the interest rate to 8% effective immediately. Please, Ms. Blackwood, keep our account with your company.